Will the Fed cut the rate today?

[Bobby Bucks]

Or rather, how big will the cut be? .25%? Will the markets rise higher? Will Bitcoin break 80 K? 100K? When will a cut indirectly affect and reduce mortgage rates? The Fed should be audited and then abolished.

 

[Zoe]

I think they will cut 1/4 percent. I don't know that.

They literally have some of the best economist alive. They have access to data I don't have access to.

So I really don't know.

 

[Zoe]

If you have tons of cash in the bank like Fernando and Charles, you don't want Fed to cut the borrowing rate to banks. CD rates will fall.

I read people well. @Fernando @Charles West

They try to fool me.

I think they are cousins or brothers from a different mother. LOL

 

[Elliott]

I watch Powell and he makes these unbelievable statements again and again that inflation heading to 2%. One of the last question was, "What if there is stagflation." He of course gave a typical non-answer. Core CPI which was Powell's stated metric is running at 3.4%. And since the Fed decreased the rate 0.75%, mortgage rates have gone UP 0.75%.

I look at these lines on inflation, and its not 'heading' to 2%.

 

[Bobby Bucks]

If you have tons of cash in the bank like Fernando and Charles, you don't want Fed to cut the borrowing rate to banks. CD rates will fall.

I read people well. @Fernando @Charles West

They try to fool me.

I think they are cousins or brothers from a different mother. LOL

Doesn't Fernando have a gopher farm? I remember a post where he mentioned he had dozens or maybe hundreds of gophers. I didn't know gophers had any value.

I watch Powell and he makes these unbelievable statements again and again that inflation heading to 2%. One of the last question was, "What if there is stagflation." He of course gave a typical non-answer. Core CPI which was Powell's stated metric is running at 3.4%. And since the Fed decreased the rate 0.75%, mortgage rates have gone UP 0.75%.

I look at these lines on inflation, and its not 'heading' to 2%.

I have no confidence in Powell whatsoever, he's a bureaucrat of the worst kind. I wonder if he'll be around with the new administration because he's certainly not popular within the the Trump circles.

 

[Zoe]

Doesn't Fernando have a gopher farm? I remember a post where he mentioned he had dozens or maybe hundreds of gophers. I didn't know gophers had any value.

I have no confidence in Powell whatsoever, he's a bureaucrat of the worst kind. I wonder if he'll be around with the new administration because he's certainly not popular within the the Trump circles.

He flies all over God's green earth. Him and Charles will probably benefit on tax cuts. Fernando has already said it will save him on tax cut.

 

[Zoe]

I think they cut it 1/4 percent. They probably won't like that unless they have long term cerificate of deposits. When the Fed cuts overnight borrower rate to lenders, the lenders immediately drop the rate of interest they pay on deposits.

Banks borrow from the Fed or lend to the Fed overnight. Sometimes they don't do either. But most of the time they either borrow from the Fed or loan to the Fed on a businsess day.......... daily basis.

 

[Terrel L. Shields]

I didn't know gophers had any value.

I'd like to have a gopher skin cap... not one of those fake Minnesota ones.